Form 8.3 - DECHRA PHARMACEUTICALS PLC

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

DECHRA PHARMACEUTICALS PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

15 Jun 2023

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

717,573

0.63%

1,218,353

1.07%

(2)

Cash-settled derivatives:

and/or controlled:

1,176,256

1.03%

650,307

0.57%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,893,829

1.66%

1,868,660

1.64%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

1p ordinary

Purchase

356

36.2871 GBP

1p ordinary

Purchase

8,297

36.3981 GBP

1p ordinary

Sale

174

36.2882 GBP

1p ordinary

Purchase

9,655

36.2583 GBP

1p ordinary

Sale

39,069

36.3178 GBP

1p ordinary

Sale

601

36.2730 GBP

1p ordinary

Purchase

420

36.2576 GBP

1p ordinary

Sale

1,829

36.2729 GBP

1p ordinary

Sale

3,406

36.3289 GBP

1p ordinary

Purchase

105,926

36.4000 GBP

1p ordinary

Purchase

2,284

36.2997 GBP

1p ordinary

Purchase

2,123

36.2856 GBP

1p ordinary

Purchase

1,452

36.2559 GBP

1p ordinary

Sale

1,407

36.2600 GBP

1p ordinary

Sale

90

36.3100 GBP

1p ordinary

Sale

3,990

36.3077 GBP

1p ordinary

Purchase

4,716

36.2042 GBP

1p ordinary

Purchase

26,384

36.3024 GBP

1p ordinary

Purchase

265

36.2875 GBP

1p ordinary

Purchase

6,536

36.2615 GBP

1p ordinary

Purchase

654

36.3000 GBP

1p ordinary

Purchase

2,756

36.2589 GBP

1p ordinary

Sale

4,514

36.2000 GBP

1p ordinary

Purchase

2,911

36.2522 GBP

1p ordinary

Purchase

4,525

36.2570 GBP

1p ordinary

Purchase

5,000

36.2834 GBP

1p ordinary

Sale

74,306

36.2599 GBP

1p ordinary

Purchase

978

36.2809 GBP

1p ordinary

Sale

8,934

36.2934 GBP

1p ordinary

Sale

143

36.2900 GBP

1p ordinary

Sale

255

36.2588 GBP

1p ordinary

Sale

299

36.2930 GBP

1p ordinary

Sale

775

36.2926 GBP

1p ordinary

Sale

5,012

36.3264 GBP

1p ordinary

Sale

748

36.2627 GBP

1p ordinary

Purchase

1,280

36.2900 GBP

1p ordinary

Sale

3,149

36.3151 GBP

1p ordinary

Sale

23,033

36.3745 GBP

1p ordinary

Purchase

46,629

36.2588 GBP

1p ordinary

Sale

7,339

36.2840 GBP

1p ordinary

Purchase

7,401

36.2800 GBP

1p ordinary

Sale

19,356

36.4000 GBP

1p ordinary

Purchase

109

36.2985 GBP

1p ordinary

Purchase

488

36.2926 GBP

1p ordinary

Purchase

2,678

36.2857 GBP

1p ordinary

Sale

4,678

36.2950 GBP

1p ordinary

Purchase

922

36.2591 GBP

1p ordinary

Sale

161

36.2737 GBP

1p ordinary

Purchase

6,000

36.2686 GBP

1p ordinary

Sale

397

36.3000 GBP

1p ordinary

Purchase

1

36.2500 GBP

1p ordinary

Sale

1,048

36.2800 GBP

1p ordinary

Sale

1

36.3400 GBP

1p ordinary

Purchase

302

36.3133 GBP

1p ordinary

Purchase

12,623

36.3206 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

SWAP

Long

1

36.4000 GBP

1p ordinary

SWAP

Long

1

36.3400 GBP

1p ordinary

CFD

Long

136

36.3167 GBP

1p ordinary

SWAP

Long

161

36.2737 GBP

1p ordinary

SWAP

Long

171

36.2970 GBP

1p ordinary

SWAP

Long

255

36.2588 GBP

1p ordinary

CFD

Long

731

36.2800 GBP

1p ordinary

CFD

Long

3,550

36.4000 GBP

1p ordinary

SWAP

Long

10,715

36.2666 GBP

1p ordinary

SWAP

Long

16,987

36.3219 GBP

1p ordinary

SWAP

Long

22,002

36.3249 GBP

1p ordinary

SWAP

Long

23,033

36.3745 GBP

1p ordinary

SWAP

Short

23

36.2434 GBP

1p ordinary

SWAP

Short

90

36.2775 GBP

1p ordinary

SWAP

Short

164

36.2787 GBP

1p ordinary

SWAP

Short

221

36.2800 GBP

1p ordinary

SWAP

Short

813

36.2703 GBP

1p ordinary

SWAP

Short

1,000

36.2627 GBP

1p ordinary

SWAP

Short

1,600

36.3136 GBP

1p ordinary

SWAP

Short

1,881

36.2691 GBP

1p ordinary

SWAP

Short

2,068

36.2939 GBP

1p ordinary

SWAP

Short

2,809

36.3616 GBP

1p ordinary

SWAP

Short

3,786

36.2827 GBP

1p ordinary

SWAP

Short

4,525

36.2570 GBP

1p ordinary

SWAP

Short

5,000

36.2698 GBP

1p ordinary

SWAP

Short

10,126

36.3126 GBP

1p ordinary

SWAP

Short

100,223

36.4000 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

16 Jun 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213